Russian govt backs spending on Novatek-led LNG project

Russia’s government has formally approved the spending of 103.6 billion roubles ($1.63 billion) on a liquefied natural gas terminal needed for gas producer Novatek’s Arctic LNG-2 project, a government document showed.

$1 = 63.4075 roubles Reporting by Maria Grabar and Katya Golubkova; Writing by Tom Balmforth; Editing by Maria Kiselyova

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